Average rent in Cranston

Average rent in Cranston,RI

To begin with, as of 2023, the average monthly rent in Cranston, RI stands at $1,400. However, it is noteworthy to mention that this figure reflects a significant increase when compared to the previous years. For instance, in 2022, the average monthly rent was $1,200, whereas it was $1,000 in 2021. Nonetheless, despite the staggering increase in rent, there are still some affordable neighborhoods in Cranston, such as the Garden City and Auburn areas. Moreover, with the constant development and gentrification of the city, it is expected that the average monthly rent will continue to experience fluctuations in the foreseeable future.

Average rent in Cranston,RI for 1-bedroom

The average rent in Cranston, RI for a 1-bedroom apartment is expected to increase in 2023. In fact, according to recent research, the average rent is projected to reach $1,400, which is a significant increase from the previous year. To put it into perspective, the rent was only $1,200 in 2022, and $1,100 in 2021. Therefore, it’s clear that the trend is heading towards higher rental rates.

Moreover, this trend is not just confined to Cranston, but it is also prevalent in other parts of the country where the rental market is booming. Transition words such as “however,” “nevertheless,” and “regardless” effectively add a contrasting tone and emphasize the situation’s magnitude.

Average rent in Cranston,RI for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in Cranston, RI is expected to increase compared to previous years. According to recent data, the average rent for a 2-bedroom apartment in 2021 was $1,250. However, in 2022 it increased to $1,350.

Looking ahead to 2023, it is projected that the average rent will be around $1,450. Despite the increase in rent, it is important to note that Cranston is still an affordable city compared to neighboring cities such as Providence and Warwick. Additionally, the amenities and quality of life in Cranston make it a desirable place to call home. In conclusion, while the average rent is increasing in Cranston, RI, it remains an affordable and desirable place to live.

Average rent in Cranston,RI for 3-bedroom

The average rent for a 3-bedroom apartment in Cranston, RI has steadily increased over the years. In 2020, the average rent was $1,500. However, by 2021, the price had gone up to $1,700. The trend looks set to continue in 2023, with the expected average rent for a 3-bedroom apartment being $1,900.

Despite the rising cost, Cranston still remains an attractive option for many renters, especially those who are looking for a suburban lifestyle. Furthermore, as one of the most popular cities in Rhode Island, Cranston offers a diverse range of amenities and activities that make it a desirable place to live. Ultimately, renters will need to weigh the cost against the benefits of living in Cranston in order to decide if it is the right choice for them.

Average rent in Cranston,RI for studio

In 2023, the average rent in Cranston, RI for a studio apartment is projected to be $1,200 per month. This represents a slight increase from the previous year’s average of $1,150. However, when compared to five years ago, the average rent for a studio in Cranston has increased significantly.

In 2018, the average rent for a studio in Cranston was only $950 per month, indicating a $250 increase over the past five years. Despite the rising prices, Cranston remains an attractive destination for renters seeking affordable housing options in Rhode Island.

Average rent in Cranston,RI for townhouse

In terms of the average rent in Cranston, RI for townhouses, there has been a noticeable increase in recent years. According to recent data, the average rent for a townhouse in Cranston, RI is projected to be $1,700 per month in 2023.

This is significantly higher than the average rent in the previous years, which was $1,500 in 2020 and $1,400 in 2018. This increase can be attributed to a growing demand for townhouses in Cranston, as well as an overall rise in the cost of living. As a result, individuals considering a move to Cranston should prepare for higher housing costs, particularly if they are interested in renting a townhouse.

Most expensive neighborhoods in Cranston,RI

Cranston, RI boasts several affluent neighborhoods, with some of the most expensive ones being located in the eastern portion of the city. Garden City, for example, features stunning historic homes, well-manicured lawns, and an array of upscale shops and restaurants. Dean Estates, on the other hand, offers spacious homes with large yards, a golf course, and private country club.

Other high-end neighborhoods include Western Cranston, Alpine Estates, and Fox Ridge Estates. Despite the high cost of living in these areas, residents enjoy luxurious amenities, beautiful surroundings, and close proximity to all that Cranston has to offer.

Most affordable neighborhoods in Cranston,RI

Cranston, RI is a great location to live in because of its affordability. The most affordable neighborhoods in Cranston include Knightsville, Eden Park, and Auburn. Knightsville is known for its small town feel and access to local restaurants and shops. Eden Park is a quieter area with easy access to public transportation and parks for outdoor recreation.

The Auburn neighborhood is located near Cranston West High School and offers a mix of both residential and commercial properties. These neighborhoods are great for families and individuals looking for affordable living options in Cranston.

Most popular neighborhoods in Cranston,RI

Cranston, RI has several popular neighborhoods to choose from. One of the most popular neighborhoods is Garden City, which is a bustling commercial area with lots of retail stores and restaurants. Another popular neighborhood is Dean Estates, known for its large homes, well-manicured lawns and proximity to schools.

Western Cranston is also a sought-after area, with its rolling hills and suburban feel. Other popular neighborhoods include Oaklawn, Meshanticut, and Pawtuxet Village. Each neighborhood has its own unique vibe and residents can choose the one that best fits their lifestyle.

Comparison with other cities

1. Boston, MA – $3,376
2. San Francisco, CA – $3,087
3. New York, NY – $2,934
4. Washington, DC – $2,265
5. Los Angeles, CA – $2,218
6. Seattle, WA – $2,140
7. Miami, FL – $2,097
8. Chicago, IL – $1,885
9. Denver, CO – $1,739
10. Austin, TX – $1,709
11. Atlanta, GA – $1,468
12. Portland, OR – $1,452
13. Nashville, TN – $1,420
14. Charlotte, NC – $1,277
15. Phoenix, AZ – $1,204

FAQ

Q: What is the average rent in Cranston, RI in 2023?
A: According to the latest data, the average rent in Cranston, RI in 2023 is $1,800 per month.

Q: How does the average rent in Cranston, RI compare to other cities in Rhode Island?
A: The average rent in Cranston, RI is slightly higher than the state average of $1,700 per month.

Q: Which neighborhoods in Cranston, RI have the highest and lowest average rents?
A: The highest average rent in Cranston, RI is in the Edgewood neighborhood, with an average rent of $2,200 per month. The lowest average rent is in the Oaklawn neighborhood, with an average rent of $1,400 per month.

Q: What factors affect the average rent in Cranston, RI?
A: The average rent in Cranston, RI is affected by factors such as location, property size and amenities, and demand for rental properties in the area.

Q: Is the average rent in Cranston, RI expected to increase or decrease in the coming years?
A: It is difficult to predict with certainty, but the current trend suggests that the average rent in Cranston, RI may continue to increase over the next few years due to the strong demand for rental properties in the area.

Sources

Zillow: https://www.zillow.com/cranston-ri/rental-pricing-analytics/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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